The Dow Market Happenings For Thursday, December 22, 2022 – Disney (DIS) 86.92 Down -43.88% YTD

Dow stocks hitting 52-week highs include Caterpillar (CAT) 241.73 (+2.80%). Dow stock 52-week lows include Salesforce (CRM) 130.30 (+1.44%).

The Market

Premarket today, the Dow was indicated to open down -206 points.

Wednesday the Dow closed up +526.74 (+1.60%) at 33,376.48.

Year-to-date the Dow is down -8.15%.

Wednesday, (28) Dow 30 stocks were up, (1) was at 52-week lows and (1) was at 52-week highs.

The Dow stock winners Wednesday were led by Nike (NKE) 115.78 (+12.18%), Boeing (BA) 196.00 (+4.09%) and Caterpillar (CAT) 241.73 (+2.80%).

The Dow stock losers Wednesday were Walgreens (WBA) 38.60 (-2.35%) and Disney (DIS) 86.92 (-0.11%).

The 10 YR yield closed Wednesday at 3.651 (+0.68%) and the VIX at 20.07 (-6.56%). The 10 YR is currently at 3.664 and VIX is at 20.51 (+2.19%).

So far in December, the Dow is down 3.51%, while the S&P 500 and Nasdaq have tumbled 4.94% and 6.62%, respectively. All three major averages are slated to break a 3-year win streak and post their worst yearly performance since 2008.

Initial weekly jobless claims for the week ending Dec. 17 rose by 2,000 to 216,000, the Labor Department said Thursday. However, the number was smaller than a Dow Jones consensus estimate of 220,000.

The U.S. economy grew faster than previously thought in Q3. Final GDP reading shows up at an annual pace of 3.2%, above the previous 2.9% estimate.

The dollar fell Tuesday as markets started to wind down ahead of the holiday period.

U.S. futures are lower, European stocks are mostly lower and Asian markets ended mostly higher.

The national average price of gasoline is down seven-tenths of a cent at $3.101 per gallon.

Earnings Reports

Nike (NKE) will report earnings on 12/20/22 after the market close with $0.85, beating estimates of $0.654 per share.

Walgreens (WBA) will report earnings on 1/5/22 before the market open.

JPMorgan (JPM) will report earnings on 1/13/22 before the market open.

UnitedHealth (UNH)) will report earnings on 1/13/22 before the market open.

Goldman Sachs (GS) will report earnings on 1/17/22 before the market open.

Today’s Featured Dow Stock

Disney (DIS)

Disney (DIS) 86.92 (-0.11%) is down -43.88% in 2022.

Financial Calendar

08:30 AM ET Chicago Fed National Activity (Nov), -0.05
08:30 AM ET Continuing Jobless Claims, 1,683K, 1,671K
08:30 AM ET Core PCE Prices (Q3), 4.60%, 4.60%
08:30 AM ET Corporate Profits (QoQ) (Q3), -0.2%
08:30 AM ET GDP (QoQ) (Q3), 2.9%, 2.9%
08:30 AM ET GDP Price Index (QoQ) (Q3), 4.3%, 4.3%
08:30 AM ET GDP Sales (Q3), 4.0%
08:30 AM ET Initial Jobless Claims, 222K, 211K
08:30 AM ET Jobless Claims 4-Week Avg., 227.25K
08:30 AM ET PCE Prices (Q3), 4.3%
08:30 AM ET Real Consumer Spending (Q3), 1.7%
10:00 AM ET US Leading Index (MoM) (Nov), -0.4%, -0.8%
10:30 AM ET Natural Gas Storage, -93B, -50B
11:00 AM ET KC Fed Composite Index (Dec), -6
11:00 AM ET KC Fed Manufacturing Index (Dec), -10
11:30 AM ET 4-Week Bill Auction, 3.780%
11:30 AM ET 8-Week Bill Auction, 4.060%
13:00 PM ET 5-Year TIPS Auction, 1.732%

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